HF1681 (Legislative Session 94 (2025-2026))
Maximum amount of outstanding debt allowed for the state agricultural society increased, and sales tax exemption for certain construction materials provided.
Related bill: SF1712
AI Generated Summary
This Minnesota House bill proposes changes to state taxation and bonding authority laws. Specifically, it:
- Increases the bonding authority of the State Agricultural Society, raising the maximum allowable outstanding debt from $30 million to $50 million.
- Provides a sales tax exemption for certain construction materials.
The bill amends Minnesota Statutes 2024, sections 37.31, subdivision 1, and 297A.70. It was introduced by Representatives Davids, Joy, Vang, Lillie, and McDonald and referred to the Committee on Taxes.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 26, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
| February 26, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill amends the bonding authority of the state agricultural society in section 37.31, subdivision 1.",
"modified": [
"Increases the maximum amount of outstanding bonds from $30,000,000 to $50,000,000."
]
},
"citation": "37.31",
"subdivision": "subdivision 1"
}
]